Sunday, September 18, 2011

It Won't Be Long Now

Goodbye Greece. We are getting into the fourth quarter on the Greece situation. The Germans are increasingly unlikely to continue the bailout game for domestic political reasons. Ditto for Greece. The Greeks are more likely to roll back their existing "austerity" measures than enact new ones. The game is just about over. Default is coming soon.

Then we look to Spain and Italy and watch that story unfold in much the same manner.

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